Letters to Investors
IPO prospectuses can be dry affairs, 200+ pages of legal disclaimers, corporate buzzwords and often undecipherable financials, with the occasional item of note sprinkled in.
Automation, Wearables Fuel Record Year of 2020 Sales
Irvine-based medical device maker Masimo Corp. has expanded a web and mobile app developed to help hospitals monitor COVID-19 patients at home to universities, production studios and other businesses
Attached Homes Up 24%; Lack of New Inventory
Local homebuilders and developers enter 2021 on a wave of optimism, with the biggest challenge finding land in Orange County to build more homes, especially less-expensive offerings
The Price of Growth
Newport Beach-based Harvey & Co. helps OC firms grow their business; Santa Ana’s Allied may become OC’s largest private company by revenue; HP Inc. will be purchasing the HyperX gaming products maker from Kingston in $425M deal
Loraine Dowdy Builds Cosmetics Powerhouse in San Clemente
Loraine Dowdy builds cosmetics powerhouse in San Clemente
FOOD: Laguna Beach Winery on fast-track; founder ‘made to do this’
Jason McClain, founder of up-and-coming winery McClain Cellars, runs one of the few Black-owned wineries in the region
LoanDepot becomes OC’s sixth-largest public company by market value; CoStar Group Inc. 'stunned' to read of CoreLogic buyout; Yucaipa Cos. of Los Angeles takes heavy equity stake in Steinberg Sports and Entertainment
Latest Earnings Show Stunning Turnarounds
CommerceWest Bank attained a remarkable achievement in the fourth quarter—its $582 million loan portfolio had zero non-performing loans despite being in the middle of a pandemic that has devasted thousands of businesses.
Company’s Software Used in 71 Countries
Irvine-based software maker Hiperwall Inc. introduced latest update software that powers video wall displays at 3,000 sites in 71 countries
‘Made Significantly’ More Money in 2020
Since Jared Wolff in 2019 became CEO of Santa Ana-based Banc of California Inc. (NYSE: BANC), the second biggest in Orange County, he’s focused on lending to the real estate and health sectors. He’s dumped expensive pet projects of previous executives such as the naming rights to a new soccer stadium in downtown Los Angeles.
Bought Second Site In City Last Year
IDI Logistics bought second site in city last year
Shifts More Personnel Towards Business Development
Costa Mesa-based Pacific Mercantile Bancorp (Nasdaq: PMBC) reported fourth-quarter net income jumped to $3.7 million from $440,000 in the same period a year ago.
Aims to Be Tech Solution For Crisis Management
Anaheim-based, family-owned firm ATI Restoration LLC has made an app its workers had been using within the company available to its broader customer base.
Pandemic Fears Overblown; Branches Continue Decline
Fears from a year ago that banks in Orange County could face a shellacking because the pandemic would force massive defaults by borrowers proved to be overblown.
New President and GC; Skilled Nursing Recovery
As several major healthcare real estate investment trusts withdrew 2020 guidance last spring, CareTrust REIT Inc. stuck to its prediction of net income of approximately 76 to 78 cents per share.
PatientFi LLC this month announced a co-marketing partnership with fellow Irvine-based Allergan Aesthetics to provide financing options for patients interested in Natrelle breast implants.
FINANCE: Data firm selling for $6B; 51% premium
Frank Martell spent three years telling Wall Street that his CoreLogic Inc. was undervalued when its stock hovered around $40 a share.
MARKETING: Network of 100,000 barbers, salons
Wil Shelton never set out to be a marketing guru when he obtained his license in cosmetology, but 25 years later, the executive sits from a powerful perch when it comes to connecting global brands with the African American consumer.
Diagnostic Tests to Market in Record Time
There was never a question of whether Beckman Coulter Diagnostics would aid in the fight against COVID-19.
In-Person vs. Telehealth; Expansion Plans Continue
Orange County hospitals saw mixed financial outcomes in 2020.
COVID-19 Spurs Growth; Investor Interest Abounds
Orange County’s hub of diagnostics firms largely defied healthcare employment trends in 2020.
HOTELS: Former Ritz Carlton exec named GM
Debuting a new hotel looks a bit different this time around for George Munz, a former Ritz-Carlton executive tapped to open the first Waldorf Astoria property in Orange County.
SERVICES: Jackson tapped by BPM in ’20
Scharrell Jackson spent 20 years at Irvine’s Squar Milner LLP, rising to partner, chief financial officer and chief operating officer.
Company Buoyed By Better-Than-Expected Q4
Video game maker Blizzard Entertainment Inc. in Irvine is heading toward its BlizzConline fanfest this coming weekend while its parent company recently posted pandemic-driven earnings that far exceeded expectations.